PARKE BANCORP INC (PKBK) Stock Technical Analysis
NASDAQ:PKBK - Nasdaq - US7008851062 - Common Stock - Currency: USD
Taking everything into account, PKBK scores 5 out of 10 in our technical rating. In the last year, PKBK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month PKBK has a been trading in the 20.01 - 22.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: PKBK has an average volume of 21942 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, PKBK turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
PKBK is an average performer in the Banks industry, it outperforms 65% of 393 stocks in the same industry.
PKBK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKBK is lagging the market slightly.
PKBK has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.48
22.41
We found 5 important support areas.
- Support @20.26 from a trend line in the daily time frame.
- A support zone ranging from 18.94 to 19.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.24 from a trend line in the weekly time frame.
- Support @17.49 from a horizontal line in the weekly time frame.
- Support @15.64 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @21.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 22.12 to 22.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PKBK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PKBK is down. |
| ChartMill Relative Strength | 64.73 | NEUTRAL | PKBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PKBK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PKBK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.25 | NEUTRAL | The RSI value for PKBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests PKBK has a negative trend. |
| Stochastics (14,3) | 19.71 | OVERSOLD | The low Stochastics value suggests PKBK may be oversold. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for PKBK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for PKBK suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.31
-0.34 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.65%
1 Week-6.19%
2 Weeks-6.71%
1 Month-5.45%
3 Month4.74%
6 Month0.35%
12 Month12.71%
2 Year17.6%
3 Year-8.43%
5 Year65.12%
10 Year82.38%
15 Year167.88%
Volatility
ATR(14)0.62
ATR(20)%2.92%
ATR Inc31.54%
Range Today0.39
ADR(20)0.56
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.73
Mansfield-0.6
10 Day High22.4
10 Day Low20.01
20 Day High22.4
20 Day Low20.01
52 Week High24.29
52 Week Low16.94
CS1 End20.26
CR1 Start21.77
Volume & EV
DER(3)0.46%
DER(5)1.12%
Volume30.40K
Volume Incr48.41%
Vol(5)31.90K
Vol(50)21.94K